Sale of Prescott horse racetrack becomes final - CBS 5 - KPHO

Sale of Prescott horse racetrack becomes final

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PRESCOTT, AZ (AP) -

The sale of the Yavapai Downs horse racetrack to Gary Miller has become final, and now he is working to have the Prescott track resume racing by late May.

The track closed in May 2011, two months before the Yavapai County Farm & Agriculture Association filed under Chapter 7 of the Bankruptcy Code.

A federal bankruptcy judge approved the sale of the track to Miller for $5.5 million, but the sale did not become final until Wednesday.

According to The Daily Courier, the grandstands building needs to be repaired.

Miller said he'll rename the track.

Copyright 2013 Associated Press. All rights reserved.

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